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depression. i am thinking how much we had to pull the belt then. i think that if america would wake up and see that we do have to, the first thing that we have to do as citizens is stop spending. if the government would abide by the things that we did during the depression, neighbors helping neighbors, i want to continue with -- fortunately, my husband and i made plans, even though he started give it -- getting social security in 1936 when i was in grade school, we both worked, of course, and we paid into it. so, i do not know that anyone needs to give up anything, if the government would just cut the spending and use the taxes that we give them fiscally. that is all i have to say. host: let me ask you this. we are looking at stories in the news this morning about compromise and stories on the table. as republicans look to democrats and democrats look to republicans to give something up, should the american people be asked to give up something? caller code probably so, but it is so needless when i think over the years about how much -- we did not have a lot of money. we did not have cr
. bank of america, jpmorgan, citigroup, wells fargo, all of them in the green but not as far as they have been. in economically sensitive group. up about 1.5%. similar story for dupont, gold corporation holding onto most of its leads. let's find out what the traders made of it. you were there in the thick of it at the new york stock exchange. >> as you say, he hadn't said hello and left us at the altar started talking. this is the difference between what the policy says and the reality underneath the policy when the fed chairman, ben explains what they're doing. number one is that we determined the advocacy of the e-zines is not doing the trick, they will go to plan b., whatever that is. he said they do not have an unlimited bazooka so to speak to do this. that put a reality on the market. ultimately what will happen is they will put in a lot of money out to the marketplace for some time to come, and now have tied to 6.5% if not lower. the real issue they have, looking at things like the velocity of the money supply. it is just not making its way to the general economy, this being held at
deal before it is too late. "mad money" will be right back. >> coming up, fuel up? america's on track to become one of the world's top energy producers. and eog resources has been leading the way in some of the country's largest finds. can this oily play continue to produce slick gains? cramer drills down in his exclusive with the ceo. and later, overpowering? e tunes have been on a role since announcing its acquisition of grant cooper industries. now that the deal is closed can this stock still light light up the sticker or is it time to pug the plug? don't miss cramer's exclusive with the ceo all coming up on "mad money." >> don't miss a second of "mad money." follow jim cramer on twitter. have a question? #madtweets. send jim an e-mail to mad money at cnbc.com. or call us at 1-800-743-cnbc. head to madmoney.cnbc.com. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important thin
's right. i think we are seeing supplies go up. north america, united states, canada, mexico, they've seen significant growth in oil supplies. this year one of the few areas, next year, for a few years to come. is it something that it creates supplies to flood the world's market? no. it's going to create supplies that the world market needs. if you think about the low level of automotive transportation, penetration and emerging markets, again, this longer term story, you'll add more oil coming out of the u.s. you get more demand coming. we're going to need every barrel. >> reporter: where is the price going in 2013? >> i think we'll be higher for brent, quite a bit higher for wti. and that's because we're going to see the narrowing of that brent/wti spread as the seaway pipeline comes on line. and those barrels start flowing at a cushion to the gulf. >> reporter: one last question. the fiscal cliff, we talk about it, historical, dollar down, commodities up. i see less bang for the buck on commodities, the more q.e. into the system. i'm not sure it's working. >> i think if we get more q.e.,
interestingly for the management of industrial america. for the good of america, we know that there will be winners and losers. coming to resolution is good for the country. we've got to use that as our gie guide post. >> last year boehner and the president were at -- were at 800, that looked like it might get done on new revenue. then supposedly the president heard from -- read the tea leaves from some republicans and thought he could go up another 400 to 1.2. this time he started at 1.6, and now the new offer yesterday is reportedly 1.4. what can -- what can the country take do you think that won't hurt growth? is it 1.4 -- you got to raise the high end, you got do the 2% going to 39.6. then you got to do stuff with dividends and you got to do -- to get to 1.4, you're talking about maybe doing stuff with muni bonds. you got to go all over the place to get that number. >> yeah. and joe, look, i mean, any kind of tax increase has the effect of putting the brakes on the economy. we've got to reach a resolution between cost reductions and revenue flexibility. i would hope t
is what dupont is talking about next year. 1.5% growth in north america, 4% in asia pacific. i do agree chain a's definitely a bright spot. that's certainly pretty good. dupont really big company, they operate across chemical business, they operate in electronics, agriculture. remember, housing, they owned the tybeck insulation business, that's been a monster business for them overall. i think china is the bright spot. if you look carefully, they're talking about 8% to 12% decline in revenues in 2013. even though they said we're projecting pretty much the same in 2013, as 2012, the ceo said there are signs of improvement in china. yet their numbers overall this year weren't that good. still, i'd say pretty cautious, hopefully china starting to emerge. again, fourth quarter may be the bottom here for china. guys, back to you. >> totally agree. joy would not be having this move if china were really going to be bad in 2013. it is a unique china play. let's check the bonds and dollars. rick santelli in chicago. rick, take it over. >> all right. well, if we look at interest rates in the 10-y
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means it is not taxable currently. it is just like the building america bonds that are now issued by states which are taxable at the federal level. the state can issue the death. the consequences fall on innocent people. dagen: what you think, though, is the ultimate consequence of now taxing people at 53% in california? >> well, i will tell you, the big issue for people like me and paying higher taxes in california is not so much paying higher taxes, it is where the money is going. all of this will go to off balance debt. you also have a number of accounting mechanisms that have been used to shield from the citizens. that is where the money is going. that is more annoying than just paying higher taxes. paying higher taxes when you know the benefits are going to your fellow citizens is not a problem for someone like me. having the money to just pay off past debts while not reforming the system that gave rise to those past debts is deeply annoying. i think it is a serious problem for california. some people will leave, of course. people like me love it out here. we would rather sta
hope we learn it this time. >> the executives at aig, lehman brothers, bank of america, countrywide mortgage had nothing to do with this. this was all the government's fault. >> the government created the conditions where they did what they did, and if the government had kept a stable dollar you never would have needed this currency trading, default swaps and the like, so when you have a bad environment, people try to adjust to it, and the crazy things happen. in the 1970s, ail went from $3 to $40 a barrel and when we conquered the inflation and went back down, and we should do the same thing today. stable dollar, like 60 minutes an hour, thinking that changing minutes in an hour will help stimulate the economy, no. we need stability. >> gentlemen, you have very sufficiently filled eight minutes and i'm sure you could have filled 18 had we given them to you. >> two smart guys with two very different opinions. >> good to see you both. >> thanks. >> see you later. >> thanks for joining us. manpower survey shows businesses will continue to hire in the first quarter of next year with th
'm assuming you're taking a boat and through the americas. one of those, as i'm noticing, the strait line goes right through iran. how do you get through that? >> i think that -- iran straddles an ancient migration path into central asia and ideally it would be wonderful to set off on foot across iran. i'm going to see what relations are like in the late 2015, hopefully they're well enough, good enough, to allow me to go through iran. >> sreenivasan: if there's a necessary detour, how long does that take to get around? >> it's a big place to walk around. part of the beauty, i think, of this long project is that there are going to be obstacles that i don't know answers to about how to get around them until i get there. and we'll see. sarin dip city a big part of this project. >> sreenivasan: what are the types of steps you've been taking? you've been planning this for a last couple years. visas? immunizations. what else? >> there's a lot of logistical planning that's gone into getting mainly governments comfortable with somebody walking through their territories. it's an unusual request, as you
for the syrian people. this does not mean america will be providing arms to them. that will not be happening. president obama in an interview with barbara walters explains why the announcement came right now. >> the syrian opposition coalition is now moving closer is reflecting enough of the syrian population that we can consider them the legitimate representative of the syrian people. >> venezuelan president hugo chavez is recovering from cancer surgery in cuba. it was complex, lasted more than six hours and completed successfully. fourth cancer-related surgery for chavez since 2011. >>> did you feel it? two asteroids buzzed planet earth. one of them passing inside the moon's orbit. that's right. inside the moon'sor bit nasa says the 120-foot wide rock came within 140,000 miles of the planet this is the cool part this caused an eclipse. an eclipse only visible to astronomers. but this is the scary part. it was only discovered, an as reside,as asteroid, a couple of days ago. >> that's kind of scary. >> they say if this ever hit the earth, an as reside thteroid, i cause damage over 800 square
have missed out on amazing opportunities. february march 2009, america sold $50 billion worth. lori: what do you think most influences people's perception of the market. first of all, the crash hurts a lot of people about. i think, also, the social security debate, the idea that we would put money into social security into the stock market, that brought a conversation for a lot of people who never thought about the market. they still have this bitter taste in their mouth. chasing performance is something that is out of this world. right now, of course, a lot of people are saying we have a bond bubble. pension funds use up 60% in equities. it is absolutely amazing what is happening here. the equity participation overall has dropped dramatically. ten years ago, it was 51%. it has dropped absolutely dramatically. a lot of people feel like, you know, we just do not have our act together. [talking over each other] melissa: it is just one man. imagine this, you are at your retirement party. you just turned 65. we are going to take that around the world cruise now. no. we don't have any mo
Search Results 0 to 12 of about 13

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